2024-04-12 06:15:00 ET
Summary
- The continued robust US jobs growth and above-trend growth allow the Federal Reserve to remain focused on inflation.
- Fed Chair Powell has drawn attention to the core services excluding housing, and it rose at around an 8% annualized pace in Q1.
- For all practical purposes, the Eurozone and UK are nearly stagnant, and price pressures are moderating quicker than in the US.
- The US has created an enormous financial superstructure that can absorb the surplus capital, siphon it away from redundant investment, and surplus production.
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Where We Stand